When using the WACC as a discount rate,it is often adjusted upward for riskier projects and downward for safer projects.

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This statement is true. The WACC (Weighted Average Cost of Capital) is the minimum required rate of return that a company needs to earn on its investments in order to satisfy its investors. This rate takes into account the risk associated with the project or investment. Therefore, riskier projects will have a higher WACC, while safer projects will have a lower WACC.

When Using the WACC as a Discount Rate,it Is Often